Christian Andersen-led Avance was selected alongside Norsk Hydro, Opera Software, REC Silicon, Leroy Seafood as the bank’s leading buys for the coming year.

Analysts at Danske noted the selection was based on a cautious outlook for oil-related companies that has led it to lean towards the consumption and alternative energy sources sectors.

Avance, covered by Bjorn Kritsian Roed at Danske, is set to more than double its fleet from six to 14 ships by the middle of 2015.